Member Info for LeeBruce

I never said the Mali govt run the mine, I said LMLB run the mine.

Lilpeep, you seem clueless. I have fudged nothing, you were just wrong.

Mali LMLB has no say in operating the mine - LMLB run the mine

That's why the arbitration initiated by BA preserves Kodal balance sheet. - Hainan launched the arbitration

stage 2 expansion doesn't need to be paid in advance - a good chunk of it is needed in advance for long lead items

I thought the licence was held by LMLB so Mali would have a 35% say.

Hainan buying would give them the profit on 65% of concentrate and guarantee 100% of the off take from stage 2.

Nothing will happen until the study is complete end of year. If as Lilpeep says kmuk will be loaded by then, why does he have no faith in Bernard spending bank on something new? It makes no sense.

So arbitration that could remove $15m from kodal bank is a blessing? I'd rather it was used to explore the gold or buy a new prospect but each to their own I guess.

So if Hainan buy kodal out of the jv then it will be based on the SP of plc? Ok, I'm sure others on here were saying the SP would be irrelevant to any offer.

How does keeping the SP down benefit Hainan? I doubt theyd take over Kodal, more likely buyout Kodal from kmuk which is seperate to the sp isnt it?

It isnt jorc compliant, they followed jorc standards. It needs to be independently verified by a third party professional to be jorc compliant, this was internal review.

So theyve basically repeated the quarterly? How is it a "great article"?

ALL is also dual listed (asx) with Li deposits in Ivory Coast aswell as the mentioned Ewoyaa in Ghana.

Intriguing choice of words: "Kodal maintains its involvement and interest in Bougouni via its 49 per cent. shareholding in Kodal Mining UK Limited ("KMUK") in partnership with Hainan Mining Co. Ltd ("Hainan"), which as the 51 per cent. shareholder has ultimate control."

Is there a good way of reading this? "Kodal maintains its involvement and interest in Bougouni via its 49 per cent. shareholding in Kodal Mining UK Limited ("KMUK") in partnership with Hainan Mining Co. Ltd ("Hainan"), which as the 51 per cent. shareholder has ultimate control.

Are we expecting to lose our involvement and interest?

Didnt they replace the belts to help correct the weighing issues?

From todays rns:

During the quarter the DMS processing plant and crushing circuit were impacted by downtime in the crushing circuit and availability of the DMS circuit resulting in below plan production of spodumene concentrate in January and February.

The site team has undertaken maintenance and replacement of all conveyor belts in the crushing circuit to improve availability of running hours and reduction of lost time due to breakdown and site maintenance.

I would have prefered a detailed month by month production guide. It's pointless boasting about March output but remaining silent on February's. Who's to say they didnt move some of Februarys output into March? Hardly surprising the market isnt impressed is it.

Also using the figures provided in the table the recovery rate is only 45.3%, why have they said 49%? Another reporting/calculation error in a RNS?

So after all the ramping about how the quarterly will re-rate we are flat. Good job. Next.

They also need to get their act together with the mining. Those ROM pads need fully stocking or theyll run out of feed in the wet season.